I'm more thinking percentages here. Like say if someone's annual gross is $60k and they are able to save 18%. If they put 80% of that into bitcoin (like $8.5k annually via dca), is that a meaningful amount? If not, what is the threashold?
Discussion
Good question and I don't have the answer. But to me if someone is DCAing 8.5k annually and they're able to self custody it securely and hodl it for years, that's really damn good. Actually harder to pull off than spending bitcoin, in some ways.
Well, the arguement that I put forth in my paper last year was for 3% of zakat to be put toward a "sovereignty" fund. But really that "fund" is the individual Muslim bitcoiners hodling away. And we have a good number of these folks. I think what is needed is establishing that next step of bringing folks together in communities and figuring out the logistical best practices for small governance.
May be distributing zakat and sadaqah in satoshis may be a way to contribute to a Bitcoin circular economy.
"Here are some satoshis. And here's the location of a nearby shop which accepts satoshis."
absolutely! takes a good bit of effort to pull this off still but this needs to be a focus and i thinknthe general orange pilling should include spend about as much as wr've focused on secure hodl